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Is the Housing Market Stabilizing?

The last couple of posts focused on the general California real estate statistics. I thought that it would be fun to follow up with some articles from around the state talking about national real estate activity and the housing market. Please keep in mind that real estate is very local. The state of real estate in Pacific Palisades, for example, is very different from the health of Pasadena California’s real estate market.

Delays in dealing with home foreclosures are stretching out the pain for the U.S. housing market. That has stirred lots of debate over whether it is better for the nation to face the pain of millions of foreclosures immediately—to get it over with fast—or to draw the process out over several years in hopes that the economy and housing demand will recover.

The $8,000 federal tax credit for first-time home buyers is soon to expire, causing anxious house hunters to hustle and prompting a debate in Congress over extending a program that some say is central to the fragile real estate recovery.

For those of you interested in buying a Pasadena home or are just curious about Pasadena property for sale, please take a look at the Pasadena homes for sale below. Feel free to sign up for a FREE membership to the MLS (Multiple Listing Service) listings by creating a VIP accounts below.

This entry was posted
on Friday, October 9th, 2009 at 8:47 am and is filed under Behind Closed Doors, Real Estate Market Reports.
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